{"id":888,"date":"2025-12-19T00:43:12","date_gmt":"2025-12-19T00:43:12","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/catalyst\/?p=888"},"modified":"2025-12-19T01:22:00","modified_gmt":"2025-12-19T01:22:00","slug":"investment-insight-winter-2026","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/catalyst\/investment-insight-winter-2026\/","title":{"rendered":"Investment Insight – Winter 2026"},"content":{"rendered":"

The End of an Era\u2014and to New Beginnings<\/h1>\n

Download PDF Here.<\/strong><\/a><\/p>\n

It is the end of an era: after 60 years at <\/span>the helm, one of the world\u2019s most closely <\/span>watched investors has stepped down as CEO.<\/span><\/p>\n

Very few people stay in one role for six <\/span>decades. For context, the median tenure with <\/span>a single employer dropped to 3.9 years in <\/span>the U.S., while the average working life spans <\/span>roughly 37 years. This puts into perspective <\/span>the remarkable length of Warren Buffett\u2019s <\/span>leadership of Berkshire Hathaway\u2014nearly <\/span>twice the span of a typical career.<\/span><\/p>\n

Even if you don\u2019t subscribe to Buffett\u2019s <\/span>investing philosophy, the scale of his <\/span>accomplishments is clear. After taking <\/span>control in 1965, he transformed Berkshire <\/span>from a\u00a0 struggling textile mill into a multinational <\/span>conglomerate holding company, <\/span>growing its share price from about $19 to <\/span>roughly $745,000\u2014a cumulative gain of <\/span>nearly 4,000,000 percent! In 2024, Berkshire <\/span>became the first U.S. non-tech company to <\/span>surpass a trillion-dollar market capitalization.<\/span><\/p>\n

Now 95, Buffett shared in November <\/span>that he was \u201cgoing quiet\u201d and will no <\/span>longer write the annual letter or speak at <\/span>Berkshire\u2019s annual meeting. In his farewell, <\/span>he offered reflections on both business <\/span>and life.\u00a0 As we begin a new year, several <\/span>insights may serve as practical reminders <\/span>for our own wealth management:<\/span><\/p>\n

Succession planning takes time.<\/strong> Greg Abel, <\/span>named as Buffett\u2019s successor in 2021, has <\/span>been groomed for many years, spending <\/span>nearly three decades at Berkshire and rising <\/span>to Vice Chairman in 2018. Even after the <\/span>transition, Buffett plans to \u201ckeep a significant <\/span>amount\u201d of his shares until shareholders gain <\/span>confidence in Abel\u2019s\u00a0 leadership.<\/span><\/p>\n

Estate planning is fluid.<\/strong> Buffett has <\/span>revised his estate plan many times over <\/span>the years. His \u201cunexpected longevity has <\/span>unavoidable consequences\u201d as his three <\/span>children are now beyond retirement age <\/span>(72, 70 and 67). He now aims to accelerate <\/span>lifetime gifts to their foundations so they <\/span>can fulfill his goal of distributing his entire <\/span>estate while they\u2019re alive.<\/span><\/p>\n

Markets go up and down.<\/strong> While market <\/span>returns have been strong in recent years, <\/span>Buffett reminds us that markets\u2014and <\/span>economies\u2014will also see difficult times: <\/span>\u201cOur stock price will move capriciously, <\/span>occasionally falling 50 percent or so as <\/span>has happened three times\u2026under present <\/span>management. Don\u2019t despair; America will come <\/span>back, and so will Berkshire shares.\u201d<\/span><\/p>\n

Our time is limited.<\/strong> \u201cFather Time…is <\/span>undefeated; for him, everyone ends up on his <\/span>score card as wins,\u201d Buffett notes. His advice? <\/span>\u201cDecide what you would like your obituary to <\/span>say and live the life to deserve it.\u201d<\/span><\/p>\n

Buffett has long emphasized that money <\/span>is a tool, not a purpose: \u201cGreatness does <\/span>not come about through accumulating great <\/span>amounts of money, great amounts of publicity <\/span>or great power in government.\u201d Despite his <\/span>accomplishments, Buffett distills success <\/span>into something far simpler: \u201cWhen you help <\/span>someone in any of thousands of ways, you help <\/span>the world. Kindness is costless but also priceless.\u201d<\/span><\/p>\n

Indeed, Buffett\u2019s humility appears to have <\/span>deepened with age. He acknowledges <\/span>the role of luck in his successes\u2014and the <\/span>successes of many others\u2014and admits he\u2019s <\/span>fallen short of his own ideals many times <\/span>before: \u201cI have been thoughtless countless <\/span>times and made many mistakes but became <\/span>very lucky in learning from some wonderful <\/span>friends how to behave better.\u201d His reminder: <\/span>\u201cThe cleaning lady is as much a human being as <\/span>the Chairman.\u201d<\/span><\/p>\n

And now, as he retires while still retaining the <\/span>Chairman role, Buffett signs off with a message <\/span>well-suited for a new year: \u201cChoose your heroes <\/span>very carefully and then emulate them. You\u2019ll <\/span>never be perfect, but you can always be better.\u201d <\/span>As we turn the page to 2026, here\u2019s to a <\/span>new year that inspires reflection, growth <\/span>and purpose\u2014and, as in Buffett\u2019s case, new <\/span>beginnings. Happy New Year!<\/span><\/p>\n

In This Issue<\/h1>\n

For 2026: Make Estate Planning a Priority …………………………………………………….. 2<\/span><\/p>\n

Equity Market Perspectives: Growth Is Expected to Continue ………………………… 2<\/span><\/p>\n

The RRSP: Why Are We Falling Short? Debunking Two Myths ……………………………. 3<\/span><\/p>\n

In Brief: What Is the \u201cK-Shaped\u201d Economy? …………………………………………………….. 3<\/span><\/p>\n

Budget 2025: \u201cGenerational Capital Investments To Build Canada Strong\u201d ………… 4<\/span><\/p>\n

\n

FINANCIAL RESOLUTION TIME<\/strong><\/h2>\n

For 2026: Make Estate Planning a Priority<\/strong><\/h1>\n

Happy 2026! If improving your financial well-being is on your list <\/span>of New Year\u2019s resolutions, a great place to start is with your estate <\/span>plan. A comprehensive plan ensures your assets are distributed <\/span>according to your wishes, while helping to maximize the legacy <\/span>you leave behind.<\/span><\/p>\n

If you already have an estate plan in place, here are five questions <\/span>to ask that may prompt a review:<\/span><\/p>\n

    \n
  1. Does my plan promote efficient administration and limit <\/span>unnecessary expenses?<\/span><\/strong><\/li>\n
  2. Will my plan minimize family effort\u2014or even potential <\/span>conflict?<\/span><\/strong><\/li>\n
  3. Are my assets protected from potential liabilities, such as <\/span>former spouses or creditors?<\/span><\/strong><\/li>\n
  4. Do I have safeguards in place to allow my family to make <\/span>financial and healthcare decisions if I am unable?<\/span><\/strong><\/li>\n
  5. Can my family maintain their current lifestyle if I am no <\/span>longer able to contribute?<\/span><\/strong><\/li>\n<\/ol>\n

    Minimizing Taxes & Fees<\/strong><\/span><\/p>\n

    A key goal of many estate plans is to reduce taxes and other fees. <\/span>For Canadian income tax purposes, most assets\u2014including real <\/span>property and shares\u2014are deemed to be disposed of immediately <\/span>prior to death and may be subject to tax, except where certain <\/span>exceptions, such as spousal rollovers, apply. Some provinces also <\/span>charge probate fees, which can vary significantly. Additionally, <\/span>Canadians holding U.S. situs assets, such as shares of U.S. <\/span>corporations or U.S. real estate, may need to plan for potential <\/span>U.S. estate tax.<\/span><\/p>\n

    While taxes and fees can create a substantial obligation for many\u00a0<\/span>estates, careful planning can help <\/span>reduce or defer them. This may be <\/span>as simple as arranging bequests <\/span>differently, using life insurance <\/span>to help cover tax liabilities or, for <\/span>business owners, leveraging tools <\/span>such as an estate freeze or the <\/span>Lifetime Capital Gains Exemption to <\/span>ease succession planning.<\/span><\/p>\n

    It\u2019s More Than Just Finances<\/span><\/strong><\/p>\n

    A comprehensive estate plan goes beyond maximizing the estate <\/span>value passed to beneficiaries. It can also ensure fairness among <\/span>heirs or protect those who may need guidance in managing <\/span>assets. Trusts, for example, can help preserve assets for <\/span>beneficiaries who cannot manage them independently or prevent <\/span>access by creditors. By planning ahead, you can create a lasting <\/span>foundation that reflects your values and helps your legacy endure <\/span>across generations.<\/span><\/p>\n

    Why Not Make Estate Planning a Priority in 2026?<\/span><\/strong><\/p>\n

    Like many things in life, estate planning can easily fall down the <\/span>priority list. For some, the subject feels unsettling, perhaps a <\/span>reminder of our own mortality. For others, it simply gets lost in <\/span>the bustle of daily life. Yet establishing a basic plan, and keeping it <\/span>updated as circumstances change, is one of the greatest gifts you <\/span>can give to your loved ones. <\/span>Being familiar with the many aspects of your financial situation, <\/span>we can provide guidance, counsel or recommendations for <\/span>experts in the field to assist with your estate plan.<\/span><\/p>\n

    \n

    LOOKING BELOW THE SURFACE<\/h2>\n

    Equity Market Perspectives: Growth Is Expected to Continue<\/h1>\n

    After equity markets continued to reach new highs in 2025, there <\/span>have been renewed concerns about elevated valuations. Are <\/span>stock prices outpacing underlying\u00a0 fundamentals, or is there still <\/span>room to run?<\/span><\/p>\n

    \"\"<\/p>\n

    Many factors influence market <\/span>performance\u2014government <\/span>policies, geopolitical events, <\/span>economic growth, inflation, <\/span>interest rates and even the <\/span>headlines. Yet over the long <\/span>run, one of the most powerful <\/span>drivers is corporate earnings.<\/span><\/p>\n

    \"\"<\/p>\n

    The earnings story, so far, has <\/span>been strong. U.S. corporate <\/span>margins have <\/span>expanded, with the <\/span>average S&P 500 <\/span>net income margin <\/span>climbing above 10 <\/span>percent this decade, <\/span>roughly double the <\/span>level of the 1990s. <\/span>Canadian corporate profits have followed a similar trajectory, though fluctuations in commodity prices, including a <\/span>pronounced peak in 2022, have added more volatility to overall profits (graph above).<\/span><\/p>\n

    Looking <\/span>ahead, several <\/span>factors <\/span>suggest that <\/span>this growth <\/span>can continue. <\/span>Companies are benefiting from technological innovation, <\/span>productivity gains and resilient\u00a0 consumer demand, all of which <\/span>support sustained earnings growth. Of course, history reminds <\/span>us that earnings growth alone doesn\u2019t guarantee high market <\/span>returns. In the 1970s, despite solid earnings growth of 9.9 <\/span>percent, high inflation and the global energy shocks kept equity <\/span>markets subdued. Indeed, growth in markets,\u00a0 economies\u2014and <\/span>even human progress\u2014is rarely linear.<\/span><\/p>\n

    Even so, the current strength in earnings should not be <\/span>overlooked. Robust corporate profits have been, and remain, a <\/span>key driver of market strength. As we look ahead\u00a0 to 2026, here\u2019s <\/span>to continued earnings growth to provide the fuel for markets <\/span>to keep advancing.<\/span><\/p>\n

    \"\"<\/p>\n

    \n

    RRSP SEASON IS HERE AGAIN<\/h2>\n

    The RRSP: Why Are We Falling Short? Debunking Two Myths<\/h1>\n

    While many of us are unhappy about the high taxes we pay, <\/span>one way to ease the burden is by fully using tax-advantaged <\/span>accounts. Yet RRSP participation rates have declined over the <\/span>past two decades, from 29.1 percent of taxpayers in 2000 to <\/span>just 21.7 percent in 2022. The good news: high-income earners <\/span>are more likely to contribute: 66 percent of taxpayers earning <\/span>between $200,000 and $500,000 contributed in 2023. But younger <\/span>Canadians are falling short. The introduction of the Tax-Free <\/span>Savings Account (TFSA) in 2009 may be part of the reason, but <\/span>persistent misconceptions about the RRSP also play a role. Let\u2019s <\/span>address two common myths:<\/span><\/p>\n

    Myth 1: It\u2019s better to invest in a TFSA than an RRSP. <\/span><\/strong>In fact, <\/span>the RRSP generally yields a greater benefit if you expect a lower <\/span>tax rate in retirement. In practice, many contribute to their RRSP <\/span>during higher-income working years and withdraw when income <\/span>is lower in retirement, leading to an advantage for the RRSP. Of <\/span>course, there may be situations when the TFSA is a better choice, <\/span>such as if you have a higher tax rate at withdrawal or face recovery <\/span>tax for income-tested benefits like Old Age Security.<\/span><\/p>\n

    Myth 2: RRSPs aren\u2019t worth it because withdrawals are fully <\/span><\/strong>taxed, whereas in non-registered accounts, only income and <\/span><\/strong>gains are taxed.<\/strong> A common complaint is that RRSP withdrawals <\/span>are fully taxed at marginal rates, whereas non-registered accounts <\/span>only tax income and gains (with favourable tax treatment for <\/span>dividends and capital gains). While it\u2019s true that RRSP withdrawals <\/span>(usually from a Registered Retirement Income Fund (RRIF)) are <\/span>taxed as income, what\u2019s often forgotten is the initial tax deduction <\/span>at contribution. Remember: a $30,000 RRSP contribution is <\/span>equivalent to an after-tax contribution of $18,000 at a marginal <\/span>tax rate of 40 percent. If your tax rate is the same at the time of <\/span>contribution and withdrawal, you effectively receive a tax-free rate <\/span>of return on your net after-tax RRSP contribution (chart). In many cases, even if your tax rate is higher at the time of withdrawal, you may be better off compared to a non-registered account due to the effect of tax-free compounding over long time periods.<\/span><\/p>\n

    \"\"<\/p>\n

    While the fair market value of the RRSP\/RRIF at death is generally <\/span>included in the terminal tax return and taxed at marginal rates, <\/span>there may be ways to mitigate the potential tax liability. This includes <\/span>a tax-deferred rollover to a spouse or financially dependent (grand) <\/span>child. Another way to manage the potential tax bill is to engage in a <\/span>\u201cmeltdown strategy,\u201d making withdrawals earlier when your tax rate <\/span>is lower than you expect in the future or at the year of death.<\/span><\/p>\n

    \"\"<\/p>\n

    \n

    MACROECONOMIC PERSPECTIVES<\/h2>\n

    In Brief: What Is the \u201cK-Shaped\u201d Economy?<\/span><\/h1>\n

    The eleventh letter of the alphabet has taken on new meaning. <\/span>The letter \u201cK\u201d is now used to describe the bifurcation in today\u2019s <\/span>economy. Different consumer segments and the businesses <\/span>that serve them are growing at different rates. Indeed, there\u2019s <\/span>a divergence: The upward-slanting arm of the \u201cK\u201d represents <\/span>higher-income households with strong consumer spending, <\/span>fuelled by healthy income growth and rising wealth. In contrast, <\/span>the downward-slanting arm represents low- and middle-income <\/span>households facing rising living costs, stagnant wages and higher <\/span>debt burdens.<\/span><\/p>\n

    Since consumer spending drives more than two-thirds of total U.S. <\/span>GDP, this divide carries implications. Higher-income households <\/span>are now responsible for a disproportionate share of economic <\/span>activity. In Q2 2025, the top 10 percent of income earners <\/span>accounted for nearly half of all U.S. consumer spending. This <\/span>imbalance underscores how economic resilience has become <\/span>concentrated among wealthier consumers\u2014those benefiting <\/span>most from asset price appreciation. As a result, the softer <\/span>labour-market figures observed in 2025 that largely impacted <\/span>lower-income households attracted less attention as they didn\u2019t <\/span>materially affect overall\u00a0 consumption.<\/span><\/p>\n

    Where are economies and markets headed in 2026? In 2025, <\/span>artificial intelligence (AI) was a key driver of market enthusiasm. <\/span>If AI capital investments deliver productivity gains, markets may <\/span>look past ongoing labour-market weakness, effectively shrugging\u00a0<\/span>off the lower part of the K\u2014although <\/span>expectations may already be partly <\/span>reflected in valuations. At the same <\/span>time, monetary stimulus from interest <\/span>rate cuts in Canada and the U.S., <\/span>tariff renegotiations and potential <\/span>U.S. tax refunds could strengthen <\/span>labour markets and support more <\/span>exposed sectors. Yet some argue <\/span>the same stimulus has exacerbated <\/span>wealth inequality.<\/span><\/p>\n

    As advisors, we continue to navigate the evolving landscape. <\/span>The \u201cK-shaped\u201d economy reinforces the value of time-tested <\/span>principles\u2014diversification, a focus on quality and ongoing <\/span>risk management\u2014as key to successful long-term wealth <\/span>management in an increasingly uneven economic environment.<\/span><\/p>\n

    \"\"<\/p>\n

    \n

    UPDATE ON FISCAL SPENDING, DEBT & TAXES<\/strong><\/span>
    \nBudget 2025: \u201cGenerational Capital Investments To Build Canada Strong\u201d<\/strong><\/h1>\n

    Canada\u2019s 2025 federal budget, delivered on November 4th <\/span>instead of the usual spring release, marks a shift toward what <\/span>Prime Minister Carney calls a \u201cgenerational\u201d investment in the <\/span>country\u2019s future. Framed as a plan to rebuild national capacity <\/span>and competitiveness, the budget commits $450 billion in <\/span>new spending\u2014primarily on infrastructure, productivity and <\/span>defense\u2014while projecting a $78.3 billion deficit for 2025\u201326. This <\/span>falls to $57.9 billion by 2028\u201329,but adds around $322 billion to <\/span>Canada\u2019s debt over that period (2025 to 2030). Total spending <\/span>cuts are projected to be $60 billion over five years. Public debt <\/span>charges are expected to rise by $22.7 billion during the same <\/span>period, meaning that by 2030, Canada will be spending an <\/span>estimated $1.46 billion per week on interest payments alone.<\/span><\/p>\n

    Carney also introduced a new method of reporting that <\/span>separates operating expenses from capital investment <\/span>spending, pledging to balance the operating budget within <\/span>three years. Opinions are divided: critics call it an accounting <\/span>manoeuvre to obscure underlying deficits, while supporters see <\/span>it as a way to distinguish between spending that \u201csustains\u201d from <\/span>that which \u201cbuilds\u201d national capacity.<\/span><\/p>\n

    No changes were made to federal personal or corporate tax <\/span>rates. The budget confirms the previously announced \u201cmiddleclass <\/span>tax cut,\u201d reducing the lowest personal income tax rate (on <\/span>income up to $57,375, for 2025) from 15 percent to 14.5 percent <\/span>in 2025, and 14 percent in 2026. <\/span><\/p>\n

    \"\"<\/p>\n

    Here are some of the more notable proposed income tax <\/span>measures that may affect investors:<\/span><\/p>\n

    \u2022 Top-Up Tax Credit<\/strong> \u2014 A new non-refundable credit to <\/span>effectively maintain the 15 percent rate for non-refundable <\/span>tax credits claimed on amounts in excess of the first income <\/span>tax bracket threshold. This prevents taxpayers\u2014such as those <\/span>claiming large one-time expenses (e.g., tuition)\u2014from facing <\/span>higher tax liability under the lowest bracket rate. This would <\/span>apply for the 2025 to 2030 taxation years.<\/span><\/p>\n

    \u2022 Personal Support Workers (PSWs) Tax Credit<\/strong> \u2014 A temporary <\/span>five-year refundable tax credit (2026 to 2030 tax years) for <\/span>eligible PSWs working in approved health care facilities equal <\/span>to 5 percent of eligible earnings, up to $1,100 annually. This <\/span>excludes BC, NWT and NL, where bilateral agreements exist. <\/span><\/p>\n

    \u2022 Trusts & the 21-Year Rule<\/strong> \u2014 Broadens the anti-avoidance <\/span>provisions for certain transactions involving trusts that aim to <\/span>sidestep the 21-year deemed disposition rules.<\/span><\/p>\n

    \u2022 Bare Trust Reporting Deferral<\/strong> \u2014 Defers the bare trust <\/span>reporting requirements by one year, applying to taxation <\/span>years ending on or after December 31, 2026.<\/span><\/p>\n

    \u2022 Lifetime Capital Gains Exemption<\/strong> \u2014 Confirms the increase <\/span>to the limit to $1.25 million (and indexed, starting in 2026), <\/span>announced under Budget 2024.<\/span><\/p>\n

    \u2022 Canadian Entrepreneurs\u2019 Incentive: Cancelled<\/strong> \u2014 Appears this <\/span>incentive, originally proposed under Budget 2024, will not proceed.<\/span><\/p>\n

    \u2022 Luxury Tax Changes<\/strong> \u2014 Proposes to eliminate the luxury tax <\/span>on aircraft and boats after November 4, 2025, while retaining <\/span>the tax on automobiles.<\/span><\/p>\n

    \u2022 Underused Housing Tax Repealed<\/strong> \u2014 Proposes to eliminate <\/span>this tax effective as of the 2025 calendar year.\u00a0<\/span><\/p>\n

    \u2022 Qualified Investments for Registered Plans: Small <\/span><\/strong>Business Investments<\/strong> \u2014 Starting 2027, proposes that <\/span>investments in specified small business corporations,<\/span>
    \nventure capital corporations and specified cooperative <\/span>corporations will be extended to RDSPs, aligning with other <\/span>registered plans. However, investments in shares of eligible <\/span>corporations and interests in small business investment <\/span>limited partnerships and small business investment trusts will <\/span>no longer be qualified investments.<\/span><\/p>\n

    \u2022 Home Accessibility Tax Credit<\/strong> \u2014 Before Budget 2025, <\/span>it was possible to claim a tax credit for the same expense <\/span>incurred under the medical expense tax credit and the home <\/span>accessibility tax credit. From 2026, expenses claimed under <\/span>the medical expense tax credit can no longer be claimed <\/span>under the home accessibility tax credit.<\/span><\/p>\n

    For more information, please see: https:\/\/budget.canada.<\/span>
    \nca\/2025\/report-rapport\/intro-en.html<\/span><\/p>\n

    Note: At the time of writing, these proposals have not been enacted into law.<\/p>\n","protected":false},"excerpt":{"rendered":"

    It is the end of an era: after 60 years at the helm, one of the world\u2019s most closely watched investors has stepped down as CEO.<\/p>\n

    Very few people stay in one role for six decades. For context, the median tenure with a single employer dropped to 3.9 years in the U.S., while the average working life spans roughly 37 years. This puts into perspective the remarkable length of Warren Buffett\u2019s leadership of Berkshire Hathaway\u2014nearly twice the span of a typical career.<\/p>\n

    Even if you don\u2019t subscribe to Buffett\u2019s investing philosophy, the scale of his accomplishments is clear. After taking control in 1965, he transformed Berkshire from a\u00a0 struggling textile mill into a multinational conglomerate holding company, growing its share price from about $19 to roughly $745,000\u2014a cumulative gain of nearly 4,000,000 percent! In 2024, Berkshire became the first U.S. non-tech company to surpass a trillion-dollar market capitalization.
    \nNow 95, Buffett shared in November that he was \u201cgoing quiet\u201d and will no longer write the annual letter or speak at Berkshire\u2019s annual meeting. In his farewell, he offered reflections on both business and life.\u00a0 As we begin a new year, several insights may serve as practical reminders for our own wealth management:<\/p>\n","protected":false},"author":220,"featured_media":853,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsletter"],"_links":{"self":[{"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/posts\/888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/users\/220"}],"replies":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/comments?post=888"}],"version-history":[{"count":25,"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/posts\/888\/revisions"}],"predecessor-version":[{"id":922,"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/posts\/888\/revisions\/922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/media\/853"}],"wp:attachment":[{"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/media?parent=888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/categories?post=888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advisor.wellington-altus.ca\/catalyst\/wp-json\/wp\/v2\/tags?post=888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}